CANTERBURY CORN EXCHANGE REPORT.

South Canterbury Times, Issue 2482, 4 March 1881, Page 3

CANTERBURY CORN EXCHANGE REPORT.

The following is the report for the week ending Friday evening, March 4, 1881 :

Extreme quietness has prevailed in the grain market during the past week; the reasons for this are not far to seek. Imprimis—The bare margin of profit which is left for the shippers, the extreme difficulty of procuring freight, the rapidity with which the grain is pouring in from all quarters, and consequently the difficulty of finding storage accommodation till ships arrive to export it. The weather all throughout the season from start to finish has been so exceptionally favorable, the yield so large and so early in the market, that the arrangements made for its deportation have been inadequate to the requirments. Wheat.—First-class milling samples are saleable at from 3s 4d to 3s 6d ; Tuscan, 3s 7d to 3s 9d, delivered on board the vessel in Lyttelton. Samples of a quality not equal to the before mentioned, 2d to 3d per bushel under these What comes under the heading of chick wheat varies so much in quality that a wide margin must be given, viz., Is 9d to 2s Od per bushel. t ■. Oats —Not much business is being done in this cereal. A few parcels are offering, which meet with buyers at from Is 6d to Is 7d for good stout millling ; feed samples from Is 3d to Is 5d per bushel. Barley —There is no improvement to note in the business being done in this grain. A good few parcels coming to hand are of fine quality, but the fact of the brewers and maftsters being well stocked with last season’s crops, prevents their doing much business. Shippers also are not eager buyers, on account of the difficulty in disposing of it. In spite however, of these adverse circumstances really first-class malting samples may still be quoted at ftoin 3s to 3s 6d per bushel; second class, 2s 2s, 6d ; feed barley, Is 6d to’ls lOd per bushel. Grass seed still continues in demand, with a rather short supply. Well cleaned farmers’ are worth from 2s 6d to 3s 3d; machine dressed, 3s 6d to 3s 9d per bushel. Other samples of indifferently cleaned vary so much that quotations cannot be given, the amount of cleaning determining their value. Cheese and Butter—The market for the former is extremely heavy, and sales are difficult to effect at any price ; Old under last week’s quotations may be quoted, , viz., 3d per lb. The latter is saleable at from 6d to 6|d per lb. j£ a y—-£3 10s per ton delivered in Christchurch.